17
Sep
2008
Practicing What I Preach
I just bought about $700 in US silver coins (dollars, half-dollars, quarters, and a few dimes) and I threw in a 1/4 oz gold coin just for kicks. I bought the crappiest coins they had; i.e. no numismatic value here.
I realize there’s an incentive for me to be an alarmist–because then people come to read what I say–so I want to stress that I am not making a prediction that this is likely. However, I want to point out that we keep hearing the phrase, “Not since the Great Depression has the government…” these days. And you know what else FDR did? Declared a bank holiday.
So I feel much better now that we have few weeks of (real) money on hand, in case Paulson decides our checking account needs to take a breather.
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